Shandong Linglong Tire Co. Ltd is investing 6.066 billion yuan (£669.678 million; 779.348 million euros; US$949.830 million) in its latest tyre factory. Tyres & Accessories has confirmed that the roughly billion-dollar Tongchuan City factory project will put sustainability at the heart of its plans, which include largescale retread capacity.
The board of Shandong Linglong Tire Co., Ltd has agreed to build its sixth Chinese tyre factory in Tongchuan City, Shaanxi Province. The construction site is located in Dongjiahe Circular Economy Industrial Park, Yaozhou District, Tongchuan City, Shaanxi Province and will be home to large and modern factory manufacturing tyres for a wide range of business segments.
The board of Shandong Linglong Tire Company Ltd has revised its 10-year “medium and long-term development plan (2020-2030)” to focus on a 7+5 rather than a 6+6 tyre manufacturing capacity expansion model. Up till April 2020, Linglong has worked according to a 5+3 plan, but last year this was upgraded to 6+6, meaning the company plans to run six tyre factories in China as well as six situated in international locations. However, according a stock market filing dated 10 June 2021, Linglong’s board voted unanimously in favour of running a total of seven plants in China and five internationally.
Cooper Tire has “officially joined the Goodyear team”. That’s how Cooper Tire general manager EMEA, Jaap Van Wessum characterised the takeover of the company by fellow US tyremaker Goodyear, which was completed on 7 June 2021. Van Wessum also offered further details of what Cooper’s integration into Goodyear means for Cooper suppliers and partners.
Jiangsu General Science Technology Co. Ltd (Jiangsu General) has announced plans to invest 1.304 billion yuan (£143.888 million; 167.458 million euros; US$203.947 million) in the construction of “high-performance semi-steel radial tyre projects in Cambodia”.
On 28 May 2021 growing Thai tyre retail chain, B-Quik opened two new centres on the Tiwanon road in north Bangkok. The addition of the two centres, which are spaced 8 kilometres apart, follows the opening of two more Thai branches at the start of April 2021.
BA Bush & Son Ltd has recently moved into new head offices in Horncastle as part of planned expansion. According to the company, the new offices provide not only more space but also a large meeting and conference room and more opportunity for the team to work together across sales, marketing, and finance once Covid-19 regulations permit.
Despite the adverse circumstances caused by the Covid-19 pandemic, Quick Lane Tyre & Autocentres continued its steady growth plan with the opening of its fifth franchised centre in Gorton, Manchester. The new location joins Ford’s global network of more than 1,000 workshops in 32 countries.
The first batch of radial truck tyres rolled off the production line at Guizhou Tire Co Ltd’s Vietnam plant on 1 April 2021, marking the completion of the first phase of the factory project. When Guizhou Tire’s Vietnam tyre factory, which was funded through a share issue in September last year, gets up to speed it will produce 1.2 million radial tyres a year.
Vittoria, the bicycle tyre brand famous for using graphene in its compounds, has invested 10 million euros in quadrupling its Brembate (Bergamo, Northern Italy) premises from 10,000 to 40,000 square metres. The expansion project will see the company add a Cycling Innovation Centre and Bike Park.
Canada-based Tyromer is building a factory Arnhem, the Netherlands as a pilot before bringing it circular rubber products to the European market. Tyromer told investment bodies that it will fine-tune and exhibit its recycling technology at its new Dutch facility in order to sell the process to third parties. Located at Kleefse Waard Industrial Park (IPKW) in Arnhem, the factory is currently being ready to start early in the summer of 2021. The location employ approximately 12 people.
At the start of 2021 Grupo Andrés, started work on the construction its new headquarters. According to the company the new facilities will result in “a significant improvement in distribution” due to the “robotization of the logistics process and a notable streamlining of work and the flow of orders”.
Sailun Group recently won the tender to acquire bankrupt manufacturer Shandong Anchi Tyres Co., Ltd., and in January paid RMB 202 million (£22.8 million) for Anchi’s assets. The tyre maker now plans to invest RMB 719.9 million (£81.3 million) to upgrade production within the former Anchi facility in Weifang, China and give it the capacity to produce 1.2 million truck and bus radials and 6 million passenger car and light truck tyres a year.
Aluminium casting and automotive parts specialist, Citic Dicastal kicked off production at its second aluminium wheel factory in Morocco at the end of December 2020. With a budget of 350 million euros, the Chinese wheelmaker aims to double its capacity in Morocco to 6 million wheels and create a total of 1,250 jobs. According to local news reports, the Dicastal-made wheels are destined for vehicles made by the French OEM PSA Group as well as exports.
Micheldever Tyre Services (MTS) has expanded its tyre distribution capacity with the addition of a new warehouse in Exeter and the expansion of its Nottingham and Walsall sites. The new 22,078 square foot Exeter location became fully operational in the summer. According to the company, the site expands stock-holding capacity by roughly 50 per cent from 11,000 to 16,000 tyres, whilst also providing an improved stock-keeping unit (SKU) range of 2,518 SKUs.